How can a domestic market be protected
Problem: How can a domestic market be protected? If a country had protected domestic market, what would be the likely effect on its balance of trade? Do you think that domestic market protection is to the disadvantage of most people in the country?
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How can a domestic market be protected? If a country had protected domestic market, what would be the likely effect on its balance of trade? Do you think that domestic market protection is to the disadvantage of most people in the country?
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Question: What is the infant industry argument for putting up barriers to imports? What are its merits and weaknesses?
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